Similarweb (NYSE:SMWB - Get Free Report) had its target price increased by equities research analysts at Citigroup from $14.00 to $22.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Citigroup's target price suggests a potential upside of 103.80% from the stock's previous close.
Several other brokerages have also recently weighed in on SMWB. Northland Securities increased their target price on Similarweb from $17.00 to $20.00 and gave the company an "outperform" rating in a report on Friday, January 24th. The Goldman Sachs Group assumed coverage on Similarweb in a report on Wednesday, December 11th. They issued a "buy" rating and a $16.00 price objective for the company. Needham & Company LLC reiterated a "buy" rating and issued a $14.00 price objective on shares of Similarweb in a report on Thursday, January 16th. JMP Securities reiterated a "market outperform" rating and issued a $17.00 price objective on shares of Similarweb in a report on Wednesday, December 11th. Finally, William Blair reiterated an "outperform" rating on shares of Similarweb in a report on Thursday, December 19th. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Similarweb presently has an average rating of "Buy" and an average target price of $16.50.
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Similarweb Trading Up 1.9 %
Shares of Similarweb stock traded up $0.21 on Tuesday, hitting $10.80. 829,565 shares of the company traded hands, compared to its average volume of 915,805. The firm's 50-day simple moving average is $14.87 and its 200 day simple moving average is $11.21. The company has a market cap of $873.53 million, a P/E ratio of -98.09 and a beta of 0.99. Similarweb has a 12-month low of $5.71 and a 12-month high of $17.64.
Similarweb (NYSE:SMWB - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.10). Similarweb had a negative net margin of 3.92% and a negative return on equity of 44.83%. Analysts predict that Similarweb will post -0.05 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Meitav Investment House Ltd. raised its position in shares of Similarweb by 17.0% in the 4th quarter. Meitav Investment House Ltd. now owns 12,846 shares of the company's stock worth $182,000 after acquiring an additional 1,870 shares in the last quarter. Global Retirement Partners LLC bought a new position in Similarweb during the 4th quarter valued at approximately $29,000. New York State Common Retirement Fund bought a new position in Similarweb during the 4th quarter valued at approximately $39,000. XTX Topco Ltd increased its position in Similarweb by 9.0% during the 3rd quarter. XTX Topco Ltd now owns 53,980 shares of the company's stock valued at $477,000 after buying an additional 4,453 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in Similarweb by 4.3% during the 4th quarter. Oppenheimer & Co. Inc. now owns 111,149 shares of the company's stock valued at $1,575,000 after buying an additional 4,542 shares in the last quarter. Institutional investors own 57.59% of the company's stock.
About Similarweb
(
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Similarweb Ltd. provides cloud-based digital intelligence solutions in the United States, Europe, the Asia Pacific, the United Kingdom, Israel, and internationally. The company offers digital research intelligence solutions for its customers to benchmark performance against competitors and market leaders, analyze trends in the market, conduct deeper research into specific companies, and analyze audience behavior; and digital marketing intelligence solutions for its customers to understand their competitors' online acquisition strategies in each marketing channel, and optimize their own strategies.
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